Alterations to Standard & Poor’s (S&P) rating criteria may herald changes to insurers’ ratings.
This is the opinion of Stuart Shipperlee, partner at Litmus Analysis.
“It’s unlikely that S&P would expect any fundamental systemic risk factors emerge from this that are not already captured in the existing ratings process,” he said.
“That said, placing the IICRA concept more centrally might highlight some individual inconsistencies across the currently rated universe, which could lead to some rating changes.”
Earlier today rating agency Standard & Poor’s announced it is changing its criteria for rating insurance companies to ‘enhance the transparency of its methodology and the comparability of ratings on insurers globally with those in other sectors.’
To continue reading, you need a subscription to Intelligent Insurer. Start a subscription today for £655.
In-house feature articles, the archive and expert comment require a paid subscription. Subscribe now.
Want to give it a try? We are offering a two week free trial to the Intelligent Insurer website – register and select “Two Week Free Trial” to begin access to the full Intelligent Insurer archive and read the latest news, features and expert comment. Begin your free trial here.
Is your 2 week free trial about to end? Upgrade to a 12 month subscription for £655 now.
If you have already subscribed please login.
If you have any technical issues please contact support.
Standard & Poor’s, S&P, rating, Litmus Analysis, Stuart Shipperlee